THE NEW GALAXY: what changed
THE NEW GALAXY
Largest movements
- Cash -€99,267
down €99,267 (-71.9%), from €137,984 to €38,718
mainly Net result for the year (-€74,070) and Receivables within one year (-€44,238)
- Tangible fixed assets -€80,350
down €80,350 (-12.6%), from €639,988 to €559,638
- Receivables within one year +€44,238
up €44,238 (+110%), from €40,294 to €84,532
of which Other amounts receivable: +€34,960
- Profit (loss) carried forward -€74,070
down €74,070 (-41.6%), from €178,011 to €103,941
- Tax, wage and social debts -€31,701
down €31,701 (-26.9%), from €117,959 to €86,258
of which Taxes: -€49,389
- Current portion of long-term debt -€27,598
down €27,598 (-77.6%), from €35,578 to €7,980
- Debts after one year -€22,802
down €22,802 (-9.3%), from €245,090 to €222,289
- Trade debts +€20,103
up €20,103 (+28.8%), from €69,746 to €89,849
- Gross operating margin -€182,348
down €182,348 (-37.2%), from €489,876 to €307,529
- Other operating charges -€20,318
down €20,318 (-41.7%), from €48,699 to €28,381
- Taxes -€18,015
down €18,015 (-72.2%), from €24,959 to €6,943
- Staff costs -€16,550
down €16,550 (-6.5%), from €253,887 to €237,337
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €821,855 | €688,225 | -€133,630 | -16.3% |
| Fixed assets | 21/28 | €641,368 | €561,018 | -€80,350 | -12.5% |
| Tangible fixed assets | 22/27 | €639,988 | €559,638 | -€80,350 | -12.6% |
| Land and buildings | 22 | €460,691 | €426,279 | -€34,412 | -7.5% |
| Plant, machinery and equipment | 23 | €86,137 | €68,300 | -€17,837 | -20.7% |
| Furniture and vehicles | 24 | €49,839 | €32,295 | -€17,544 | -35.2% |
| Other tangible fixed assets | 26 | €43,322 | €32,765 | -€10,557 | -24.4% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €180,487 | €127,207 | -€53,280 | -29.5% |
| Stocks and contracts in progress | 3 | €1,132 | €1,161 | +€29 | +2.5% |
| Stocks | 30/36 | €1,132 | €1,161 | +€29 | +2.5% |
| Amounts receivable within one year | 40/41 | €40,294 | €84,532 | +€44,238 | +110% |
| Trade receivables | 40 | €29,325 | €38,603 | +€9,278 | +31.6% |
| Other amounts receivable | 41 | €10,969 | €45,930 | +€34,960 | +319% |
| Cash at bank and in hand | 54/58 | €137,984 | €38,718 | -€99,267 | -71.9% |
| Deferred charges and accrued income | 490/1 | €1,077 | €2,796 | +€1,719 | +160% |
| Total equity and liabilities | 10/49 | €821,855 | €688,225 | -€133,630 | -16.3% |
| Equity | 10/15 | €328,482 | €254,413 | -€74,070 | -22.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €131,879 | €131,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,879 | €1,879 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,879 | €1,879 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,011 | €103,941 | -€74,070 | -41.6% |
| Amounts payable | 17/49 | €493,373 | €433,813 | -€59,560 | -12.1% |
| Amounts payable after more than one year | 17 | €245,090 | €222,289 | -€22,802 | -9.3% |
| Financial debts | 170/4 | €245,090 | €222,289 | -€22,802 | -9.3% |
| Amounts payable within one year | 42/48 | €248,282 | €211,524 | -€36,758 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €35,578 | €7,980 | -€27,598 | -77.6% |
| Trade debts | 44 | €69,746 | €89,849 | +€20,103 | +28.8% |
| Suppliers | 440/4 | €69,746 | €89,849 | +€20,103 | +28.8% |
| Taxes, remuneration and social security | 45 | €117,959 | €86,258 | -€31,701 | -26.9% |
| Taxes | 450/3 | €61,176 | €11,787 | -€49,389 | -80.7% |
| Remuneration and social security | 454/9 | €56,783 | €74,471 | +€17,688 | +31.2% |
| Other amounts payable | 47/48 | €25,000 | €27,437 | +€2,437 | +9.7% |
| Remuneration, social security and pensions | 62 | €253,887 | €237,337 | -€16,550 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,705 | €80,350 | -€1,356 | -1.7% |
| Other operating charges | 640/8 | €48,699 | €28,381 | -€20,318 | -41.7% |
| Gross operating margin | 9900 | €489,876 | €307,529 | -€182,348 | -37.2% |
| Operating profit (loss) | 9901 | €105,586 | -€38,539 | -€144,124 | |
| Financial income | 75/76B | €55 | €20 | -€35 | -63.3% |
| Recurring financial income | 75 | €55 | €20 | -€35 | -63.3% |
| Financial charges | 65/66B | €32,041 | €28,608 | -€3,433 | -10.7% |
| Recurring financial charges | 65 | €32,041 | €28,608 | -€3,433 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €73,599 | -€67,126 | -€140,726 | |
| Income taxes | 67/77 | €24,959 | €6,943 | -€18,015 | -72.2% |
| Profit (loss) for the period | 9904 | €48,641 | -€74,070 | -€122,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,641 | -€74,070 | -€122,710 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.